Virginia Credit Union, Inc.
HMDA Loan Application Totals
and Mortgage Lending Details
for 2023
Virginia Credit Union, Inc. 2023 HMDA loan application data provides key insights into its mortgage lending trends, applicant demographics, and loan distribution.
The Home Mortgage Disclosure Act (HMDA) requires lenders to report detailed loan application data, offering transparency into lending patterns.
The data reveals trends in average loan size, applicant income, and mortgage approval rates, helping consumers and analysts understand lending accessibility.
Below, explore a breakdown of loan applications by county, metro area, loan purpose, applicant race, loan type, and more.
Whether you're an industry professional, homebuyer, or researcher,
this information provides valuable insights into mortgage lending activity.
Scroll down to view the full dataset and analyze lending trends in greater detail.
| Mortgage Company & Address | Virginia Credit Union, Inc. Po Box 90010 Richmond, VA 23225 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 5,382 |
| Total Mortgage Loan Application Amount | $783,970,000 |
| Average Mortgage Loan Application Amount | $275,000 |
| Highest Mortgage Loan Application Amount | $17,525,000 |
| Average Applicant Income | $96,500 |
| Highest Applicant Income | $1,600,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2023 with Virginia Credit Union, Inc.. Below, you'll find key insights into this lender's mortgage activity, including total loan applications, average mortgage amounts, highest application values, and income levels of top applicants. Whether you're analyzing Virginia Credit Union, Inc.'s lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2023 breaks down Virginia Credit Union, Inc.'s mortgage applications by loan purpose, applicant race, loan type, approval outcomes, and reasons for denial. These insights help homebuyers, financial analysts, and industry professionals assess borrower demographics and lending practices, offering a clearer view of how Virginia Credit Union, Inc. serves its applicants.
Each category highlights the total number of mortgage applications processed by Virginia Credit Union, Inc., total loan amounts, average mortgage values, and the highest mortgage amounts recorded. You can also review borrower income trends, including the average and highest reported applicant incomes for loans issued by this lender. Whether you're evaluating lender performance, comparing mortgage approval rates, or exploring loan options, this HMDA-backed data offers a crucial look at Virginia Credit Union, Inc.'s mortgage activity for 2023.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Chesterfield County Virginia | 1,338 | $ 166,070,000 | $ 124,000 | $ 113,000 |
| Henrico County Virginia | 1,091 | $ 154,185,000 | $ 141,000 | $ 117,000 |
| Richmond City County Virginia | 502 | $ 98,700,000 | $ 196,000 | $ 115,000 |
| Hanover County Virginia | 353 | $ 45,715,000 | $ 129,000 | $ 129,000 |
| Spotsylvania County Virginia | 177 | $ 18,525,000 | $ 104,000 | $ 125,000 |
| Powhatan County Virginia | 110 | $ 13,120,000 | $ 119,000 | $ 128,000 |
| Goochland County Virginia | 102 | $ 16,500,000 | $ 161,000 | $ 157,000 |
| Louisa County Virginia | 90 | $ 13,470,000 | $ 149,000 | $ 107,000 |
| Dinwiddie County Virginia | 75 | $ 7,945,000 | $ 105,000 | $ 83,000 |
| Caroline County Virginia | 74 | $ 9,190,000 | $ 124,000 | $ 102,000 |
| Petersburg County Virginia | 65 | $ 15,625,000 | $ 240,000 | $ 59,000 |
| Prince George County Virginia | 62 | $ 7,660,000 | $ 123,000 | $ 110,000 |
| New Kent County Virginia | 61 | $ 6,785,000 | $ 111,000 | $ 114,000 |
| Stafford County Virginia | 60 | $ 6,710,000 | $ 111,000 | $ 127,000 |
| Fairfax County Virginia | 50 | $ 14,450,000 | $ 289,000 | $ 194,000 |
| Amelia County Virginia | 48 | $ 4,870,000 | $ 101,000 | $ 89,000 |
| Albemarle County Virginia | 45 | $ 13,085,000 | $ 290,000 | $ 142,000 |
| King William County Virginia | 41 | $ 4,195,000 | $ 102,000 | $ 94,000 |
| Prince Edward County Virginia | 41 | $ 3,835,000 | $ 93,000 | $ 82,000 |
| Colonial Heights County Virginia | 39 | $ 3,085,000 | $ 79,000 | $ 90,000 |
| Prince William County Virginia | 38 | $ 6,220,000 | $ 163,000 | $ 157,000 |
| Hopewell County Virginia | 36 | $ 3,550,000 | $ 98,000 | $ 67,000 |
| Orange County Virginia | 34 | $ 4,230,000 | $ 124,000 | $ 111,000 |
| Virginia Beach County Virginia | 29 | $ 4,955,000 | $ 170,000 | $ 124,000 |
| Cumberland County Virginia | 27 | $ 4,125,000 | $ 152,000 | $ 80,000 |
| Mecklenburg County Virginia | 27 | $ 3,785,000 | $ 140,000 | $ 97,000 |
| Loudoun County Virginia | 24 | $ 5,990,000 | $ 249,000 | $ 218,000 |
| Charlottesville County Virginia | 23 | $ 3,915,000 | $ 170,000 | $ 155,000 |
| Chesapeake County Virginia | 22 | $ 3,490,000 | $ 158,000 | $ 100,000 |
| Fluvanna County Virginia | 22 | $ 3,030,000 | $ 137,000 | $ 95,000 |
| Nottoway County Virginia | 22 | $ 2,490,000 | $ 113,000 | $ 73,000 |
| Buckingham County Virginia | 21 | $ 2,005,000 | $ 95,000 | $ 91,000 |
| Hampton County Virginia | 21 | $ 3,435,000 | $ 163,000 | $ 81,000 |
| Newport News County Virginia | 18 | $ 3,020,000 | $ 167,000 | $ 94,000 |
| Culpeper County Virginia | 16 | $ 2,050,000 | $ 128,000 | $ 118,000 |
| Greensville County Virginia | 16 | $ 1,450,000 | $ 90,000 | $ 65,000 |
| James City County Virginia | 16 | $ 2,670,000 | $ 166,000 | $ 142,000 |
| Middlesex County Virginia | 16 | $ 2,540,000 | $ 158,000 | $ 106,000 |
| Richmond County Virginia | 16 | $ 960,000 | $ 60,000 | $ 76,000 |
| Westmoreland County Virginia | 16 | $ 3,500,000 | $ 218,000 | $ 143,000 |
| Charles City County Virginia | 15 | $ 1,175,000 | $ 78,000 | $ 172,000 |
| Northumberland County Virginia | 15 | $ 1,735,000 | $ 115,000 | $ 122,000 |
| Bedford County Virginia | 14 | $ 3,570,000 | $ 255,000 | $ 122,000 |
| Norfolk County Virginia | 14 | $ 15,550,000 | $ 1,110,000 | $ 116,000 |
| Campbell County Virginia | 13 | $ 1,615,000 | $ 124,000 | $ 76,000 |
| Essex County Virginia | 13 | $ 1,215,000 | $ 93,000 | $ 76,000 |
| Fauquier County Virginia | 12 | $ 2,420,000 | $ 201,000 | $ 138,000 |
| Franklin County Virginia | 12 | $ 1,520,000 | $ 126,000 | $ 108,000 |
| Harrisonburg County Virginia | 12 | $ 2,080,000 | $ 173,000 | $ 79,000 |
| King and Queen County Virginia | 12 | $ 970,000 | $ 80,000 | $ 71,000 |
| Suffolk County Virginia | 12 | $ 1,520,000 | $ 126,000 | $ 91,000 |
| Fredericksburg County Virginia | 11 | $ 1,335,000 | $ 121,000 | $ 125,000 |
| Lunenburg County Virginia | 11 | $ 1,395,000 | $ 126,000 | $ 73,000 |
| Rockingham County Virginia | 11 | $ 5,025,000 | $ 456,000 | $ 181,000 |
| Wise County Virginia | 11 | $ 785,000 | $ 71,000 | $ 66,000 |
| Brunswick County Virginia | 10 | $ 1,090,000 | $ 109,000 | $ 96,000 |
| Montgomery County Virginia | 9 | $ 1,575,000 | $ 175,000 | $ 127,000 |
| Northampton County Virginia | 9 | $ 1,975,000 | $ 219,000 | $ 111,000 |
| Pittsylvania County Virginia | 9 | $ 1,015,000 | $ 112,000 | $ 90,000 |
| Portsmouth County Virginia | 9 | $ 1,275,000 | $ 141,000 | $ 90,000 |
| Augusta County Virginia | 8 | $ 1,150,000 | $ 143,000 | $ 144,000 |
| Carroll County Virginia | 8 | $ 640,000 | $ 80,000 | $ 83,000 |
| Frederick County Virginia | 8 | $ 1,830,000 | $ 228,000 | $ 179,000 |
| Lancaster County Virginia | 8 | $ 1,370,000 | $ 171,000 | $ 106,000 |
| Nelson County Virginia | 8 | $ 1,410,000 | $ 176,000 | $ 249,000 |
| Roanoke County Virginia | 8 | $ 1,220,000 | $ 152,000 | $ 99,000 |
| Sussex County Virginia | 8 | $ 760,000 | $ 95,000 | $ 61,000 |
| Accomack County Virginia | 7 | $ 1,945,000 | $ 277,000 | $ 140,000 |
| Alleghany County Virginia | 7 | $ 365,000 | $ 52,000 | $ 73,000 |
| Appomattox County Virginia | 7 | $ 795,000 | $ 113,000 | $ 91,000 |
| Charlotte County Virginia | 7 | $ 745,000 | $ 106,000 | $ 90,000 |
| Danville County Virginia | 7 | $ 885,000 | $ 126,000 | $ 87,000 |
| Halifax County Virginia | 7 | $ 2,075,000 | $ 296,000 | $ 102,000 |
| Isle of Wight County Virginia | 7 | $ 605,000 | $ 86,000 | $ 175,000 |
| King George County Virginia | 7 | $ 985,000 | $ 140,000 | $ 122,000 |
| Smyth County Virginia | 7 | $ 645,000 | $ 92,000 | $ 88,000 |
| Southampton County Virginia | 7 | $ 1,015,000 | $ 145,000 | $ 72,000 |
| Amherst County Virginia | 6 | $ 1,210,000 | $ 201,000 | $ 116,000 |
| Arlington County Virginia | 6 | $ 2,920,000 | $ 486,000 | $ 284,000 |
| Greene County Virginia | 6 | $ 1,540,000 | $ 256,000 | $ 223,000 |
| Lynchburg County Virginia | 6 | $ 880,000 | $ 146,000 | $ 155,000 |
| Staunton County Virginia | 6 | $ 730,000 | $ 121,000 | $ 104,000 |
| Tazewell County Virginia | 6 | $ 580,000 | $ 96,000 | $ 56,000 |
| Franklin City County Virginia | 5 | $ 3,725,000 | $ 745,000 | $ 0 |
| Gloucester County Virginia | 5 | $ 895,000 | $ 179,000 | $ 194,000 |
| Pulaski County Virginia | 5 | $ 475,000 | $ 95,000 | $ 116,000 |
| Roanoke City County Virginia | 5 | $ 865,000 | $ 173,000 | $ 56,000 |
| Washington County Virginia | 5 | $ 405,000 | $ 81,000 | $ 91,000 |
| Waynesboro County Virginia | 5 | $ 945,000 | $ 189,000 | $ 107,000 |
| Alexandria County Virginia | 4 | $ 1,200,000 | $ 300,000 | $ 228,000 |
| Botetourt County Virginia | 4 | $ 960,000 | $ 240,000 | $ 154,000 |
| Mathews County Virginia | 4 | $ 850,000 | $ 212,000 | $ 183,000 |
| Shenandoah County Virginia | 4 | $ 720,000 | $ 180,000 | $ 218,000 |
| Surry County Virginia | 4 | $ 690,000 | $ 172,000 | $ 98,000 |
| Wythe County Virginia | 4 | $ 350,000 | $ 87,000 | $ 55,000 |
| Buchanan County Virginia | 3 | $ 65,000 | $ 21,000 | $ 44,000 |
| Buena Vista County Virginia | 3 | $ 375,000 | $ 125,000 | $ 59,000 |
| Emporia County Virginia | 3 | $ 375,000 | $ 125,000 | $ 71,000 |
| Floyd County Virginia | 3 | $ 235,000 | $ 78,000 | $ 86,000 |
| Grayson County Virginia | 3 | $ 255,000 | $ 85,000 | $ 127,000 |
| Henry County Virginia | 3 | $ 245,000 | $ 81,000 | $ 47,000 |
| Lee County Virginia | 3 | $ 425,000 | $ 141,000 | $ 91,000 |
| Page County Virginia | 3 | $ 135,000 | $ 45,000 | $ 142,000 |
| Warren County Virginia | 3 | $ 205,000 | $ 68,000 | $ 87,000 |
| Bristol County Virginia | 2 | $ 240,000 | $ 120,000 | $ 47,000 |
| Clarke County Virginia | 2 | $ 530,000 | $ 265,000 | $ 223,000 |
| Madison County Virginia | 2 | $ 130,000 | $ 65,000 | $ 65,000 |
| Manassas County Virginia | 2 | $ 80,000 | $ 40,000 | $ 60,000 |
| Radford County Virginia | 2 | $ 250,000 | $ 125,000 | $ 94,000 |
| York County Virginia | 2 | $ 570,000 | $ 285,000 | $ 258,000 |
| Bath County Virginia | 1 | $ 165,000 | $ 165,000 | $ 42,000 |
| Martinsville County Virginia | 1 | $ 45,000 | $ 45,000 | $ 57,000 |
| Patrick County Virginia | 1 | $ 155,000 | $ 155,000 | $ 36,000 |
| Poquoson County Virginia | 1 | $ 65,000 | $ 65,000 | $ 83,000 |
| Rappahannock County Virginia | 1 | $ 125,000 | $ 125,000 | $ 176,000 |
| Salem County Virginia | 1 | $ 55,000 | $ 55,000 | $ 99,000 |
| Scott County Virginia | 1 | $ 775,000 | $ 775,000 | $ 252,000 |
| Williamsburg County Virginia | 1 | $ 65,000 | $ 65,000 | $ 122,000 |
| Winchester County Virginia | 1 | $ 55,000 | $ 55,000 | $ 128,000 |
Mortgage Loan Application Detail Totals for Virginia Credit Union, Inc. in 2023
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Improvement | 2,224 | $196,490,000 | $88,000 | $17,525,000 | $112,000 | $1,500,000 |
| Home Purchase | 1,274 | $376,450,000 | $295,000 | $1,205,000 | $130,000 | $1,404,000 |
| Other Purpose | 879 | $57,245,000 | $65,000 | $405,000 | $109,000 | $583,000 |
| Cash-out Refinancing | 829 | $104,355,000 | $125,000 | $805,000 | $108,000 | $1,600,000 |
| Refinancing | 170 | $44,530,000 | $261,000 | $1,205,000 | $120,000 | $476,000 |
| Not Applicable | 6 | $4,900,000 | $816,000 | $2,505,000 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 3,181 | $419,175,000 | $131,000 | $1,205,000 | $121,000 | $1,500,000 |
| Black or African American | 1,304 | $132,920,000 | $101,000 | $715,000 | $94,000 | $1,600,000 |
| Not Provided | 386 | $84,580,000 | $219,000 | $995,000 | $128,000 | $595,000 |
| Asian | 202 | $52,150,000 | $258,000 | $1,165,000 | $157,000 | $800,000 |
| Hispanic | 198 | $27,570,000 | $139,000 | $625,000 | $114,000 | $1,137,000 |
| Not applicable | 58 | $61,350,000 | $1,057,000 | $17,525,000 | $0 | $0 |
| American Indian or Alaskan Native | 33 | $3,985,000 | $120,000 | $535,000 | $79,000 | $199,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $310,000 | $155,000 | $185,000 | $59,000 | $72,000 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 4,973 | $678,945,000 | $136,000 | $17,525,000 | $118,000 | $1,600,000 |
| FHA-insured (Federal Housing Administration) | 347 | $83,775,000 | $241,000 | $745,000 | $82,000 | $247,000 |
| VA-guaranteed (Veterans Administration) | 52 | $19,290,000 | $370,000 | $715,000 | $116,000 | $278,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 10 | $1,960,000 | $196,000 | $315,000 | $71,000 | $98,000 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 2,568 | $488,540,000 | $190,000 | $17,525,000 | $127,000 | $1,404,000 |
| Application Denied By Financial Institution | 2,107 | $183,715,000 | $87,000 | $925,000 | $100,000 | $1,600,000 |
| Application Withdrawn By Applicant | 502 | $89,810,000 | $178,000 | $895,000 | $115,000 | $1,137,000 |
| File Closed For Incompleteness | 168 | $17,500,000 | $104,000 | $685,000 | $146,000 | $1,500,000 |
| Application Approved But Not Accepted | 35 | $3,635,000 | $103,000 | $425,000 | $114,000 | $331,000 |
| Loan Purchased By The Institution | 2 | $770,000 | $385,000 | $455,000 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Not applicable | 3,275 | $600,255,000 | $183,000 | $17,525,000 | $126,000 | $1,500,000 |
| Debt-To-Income Ratio | 1,081 | $93,395,000 | $86,000 | $805,000 | $80,000 | $464,000 |
| Credit History | 624 | $47,270,000 | $75,000 | $655,000 | $116,000 | $1,600,000 |
| Collateral | 185 | $20,655,000 | $111,000 | $585,000 | $127,000 | $1,500,000 |
| Other | 108 | $11,420,000 | $105,000 | $925,000 | $120,000 | $500,000 |
| Unverifiable Information | 75 | $6,155,000 | $82,000 | $225,000 | $138,000 | $505,000 |
| Employment History | 14 | $1,620,000 | $115,000 | $395,000 | $97,000 | $220,000 |
| Credit Application Incomplete | 12 | $1,980,000 | $165,000 | $575,000 | $152,000 | $365,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 8 | $1,220,000 | $152,000 | $275,000 | $60,000 | $81,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Virginia Credit Union, Inc.'s 2023 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Virginia Credit Union, Inc.'s mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Virginia, download the full spreadsheet
with aggregated HMDA statistics today.